TON Blockchain Sees Explosive Growth, Surpassing 39.5 Million Addresses

The TON Blockchain has witnessed remarkable growth this year, expanding from 3.6 million addresses with a balance on January 1st to over 39.5 million today.

This surge underscores the increasing adoption and interest in the network.

The @ton_blockchain experienced massive growth this year, expanding from 3.6 million addresses with a balance on January 1st to surpassing 39.5 million today. pic.twitter.com/6mxmDM3jmy

— IntoTheBlock (@intotheblock) August 12, 2024

Thanks to IntoTheBlock’s integration with the TON Blockchain, we now have a clearer view of TON token holders and their activities. Currently, 25% of holders are in profit, 20% are breaking even, and 55% are at a loss. Notably, large holders control a dominant 91% of the tokens, and the price of TON has a moderate correlation with Bitcoin.

Analyzing how long holders have kept their tokens, data reveals that 6% have held for more than a year, 73% for 1-12 months, and 22% for less than a month. In the past week alone, transactions exceeding $100,000 totaled $42.1 billion, while the Telegram community for TON grew by 1.25%.

Geographically, most transactions (57%) originated from Western regions, with 43% coming from Eastern regions. Exchanges saw a net inflow of $30.34 million, indicating active trading and interest in TON.

https://twitter.com/PinnacleCrypt/status/1823019519385997593?t=v1qDA9MlcPpo6KDnnS-Jaw&s=19

The overall outlook for TON is largely bullish, with three positive indicators and one neutral. On-chain data reflects similar sentiment, showing three positive and one neutral signal. Key metrics include a 3.51% increase in network growth, a neutral 0.07% of tokens being “in the money,” a bullish 0.07% concentration, and a bullish 1.98% rate of large transactions.

This data, derived from IntoTheBlock’s integration with the TON Blockchain, provides a comprehensive understanding of the TON token ecosystem, highlighting its rapid growth and the positive sentiment surrounding it.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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